Summary
Less than five months since Senator Brown introduced crowdfunding legislation (S. 1791), which generated Presidential support within the Startup America Legislative Agenda and spurred bipartisan efforts through Senators Scott Brown (R-MA), Jeff Merkley (D-OR) and Michael Bennet’s (D-CO) introduction of the CROWDFUND Act (S. 2190), the JOBS Act bill (HR – 3606) passed by a vote of 73-26 with a crowdfunding amendment passing at 64-35, allowing small businesses a platform, like EarlyShares.com, to receive capital from worldwide investors.
Description
Maurice Lopes, President and co-founder of EarlyShares.com, the first equity-based crowdfunding platform in the United States that helps to raise capital from investors for a company, stated “We are proud of the effort put forth by Senator Brown and the support that has been generated across party lines. We believe this is the most important economic legislation to develop and that it will give viable small businesses and entrepreneurs,from across the country, hope, inspiration and funding. That is a powerful thing and we look forward to watching the trickle-down effect on the economy as it creates jobs along the way.”
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Posted by Tim Satterthwaite